News / National
Masimirembwa loses top-of-the- range vehicle over debt
12 Jun 2014 at 08:18hrs | Views
FORMER Zimbabwe Mining Development Corporation board chairman, Goodwills Masimirembwa, has had his top-of-the- range vehicle, a Toyota Land cruiser VX, attached by the deputy sheriff following failure to pay a debt owed to a local medical firm.
Medical Investments has had to seek legal recourse to recover a debt whose amount was not disclosed after Masimirembwa failed to pay for services rendered to him.
His green Sports Utility Vehicle, registration number ABR2183, went under the hammer by public auction at ABC Auctions last week where it was sold to the highest bidder.
It could not be immediately ascertained how much the car was sold at. A notice published in the press by the deputy sheriff read: "Duly instructed by the sheriff of the High Court, we shall conduct by public auction a Toyota Land cruiser VX car involved in the case between Medical Investment versus Goodwills Masimirembwa."
Masimirembwa's fortunes have been lackluster in the past few years. In 2009, the Law Society of Zimbabwe (LSZ) turned down Masimirembwa's application for re-admission into legal practice after it had de-registered him 12 years back for abusing trust funds.
As if that was not enough, the Zimbabwe Institute for Legal Studies (ZILS), a brainchild of the delisted lawyer, also came under severe criticism from the society, a legal body which regulates law practice in the country. The LSZ has been refusing to recognise the qualifications being offered by ZILS.
Masimirembwa's bid to be Member of Parliament for Mabvuku in the 2013 harmonised elections also drew a blank when he lost to opponent, James Maridadi. He was, albeit temporarily, tainted by allegations of extorting US$6 million from Ghanaian investors with interests in gold and diamond mining to facilitate a joint venture deal.
President Robert Mugabe announced at a lawmakers' luncheon last year that Masimirembwa had solicited a bribe from the Ghanaians before taking the claims back months later. Although President Mugabe later made a U-turn on the claims in a televised interview on the eve of his 90th birthday, Masimirembwa has since then been maintaining a low profile.
Medical Investments has had to seek legal recourse to recover a debt whose amount was not disclosed after Masimirembwa failed to pay for services rendered to him.
His green Sports Utility Vehicle, registration number ABR2183, went under the hammer by public auction at ABC Auctions last week where it was sold to the highest bidder.
It could not be immediately ascertained how much the car was sold at. A notice published in the press by the deputy sheriff read: "Duly instructed by the sheriff of the High Court, we shall conduct by public auction a Toyota Land cruiser VX car involved in the case between Medical Investment versus Goodwills Masimirembwa."
Masimirembwa's fortunes have been lackluster in the past few years. In 2009, the Law Society of Zimbabwe (LSZ) turned down Masimirembwa's application for re-admission into legal practice after it had de-registered him 12 years back for abusing trust funds.
As if that was not enough, the Zimbabwe Institute for Legal Studies (ZILS), a brainchild of the delisted lawyer, also came under severe criticism from the society, a legal body which regulates law practice in the country. The LSZ has been refusing to recognise the qualifications being offered by ZILS.
Masimirembwa's bid to be Member of Parliament for Mabvuku in the 2013 harmonised elections also drew a blank when he lost to opponent, James Maridadi. He was, albeit temporarily, tainted by allegations of extorting US$6 million from Ghanaian investors with interests in gold and diamond mining to facilitate a joint venture deal.
President Robert Mugabe announced at a lawmakers' luncheon last year that Masimirembwa had solicited a bribe from the Ghanaians before taking the claims back months later. Although President Mugabe later made a U-turn on the claims in a televised interview on the eve of his 90th birthday, Masimirembwa has since then been maintaining a low profile.
Source - Financial Gazette
